eastern a report on defense spending and modernizing the pentagon budget. the japanese prime minister is visiting washington. he will be talking about japan's future of 4:00 p.m. eastern of the center for strategic and international studies. >> its blockade is the principle no. n -- principal naval strategy of the northern states, the principal naval strategy of southern states is commerce. one gun right there, but if you are going after merchant ships, one is all you need. if you caught a merchant ship, the idea was to come alongside and accrue on board, take it to a court where it could be adjudicated, sell it at auction, and you get to keep the money, but because they depend entirely on the profit motive, the ship owner pays men, the ship hires the officers, he expects a return on your money. without friendly ports where they could be condemned and sold, you cannot make a profit on a private hearing. therefore, confederate private peering died out almost immediately. maritime entrepreneurs found out they could make more money blockade running. >> the his